The Siesta approach became popular as a means of thwarting algae, though the reason why it can work is often misunderstood. It has to do with the CO2 in balance with the light intensity and duration. In natural or low-tech planted tanks that do not use diffused CO2 but rely on naturally-occurring CO2 from respiration and organic decomposition, the level of CO2 depends obviously upon the fish load and feeding. During "daylight" [here meaning the tank lighting] if the light is sufficient to drive photosynthesis, CO2 is used faster than it can be replaced naturally, and as carbon is likely the first nutrient to become exhausted, CO2 in a sense determines the photoperiod. Once the tank light is eliminated, photosynthesis cannot occur, and the CO2 slowly rebuilds from respiration of fish, plants, some bacteria, and decomposition. This is the reason for the diurnal shift in pH. Turning the tank light off for a couple hours or whatever midway through the photoperiod allows some CO2 to rebuild. But then we get into the problems for fish, and that should take precedence.
I worked my tank lighting out to seven hours daily. This balances the available nutrients including CO2 produced naturally, and it works with the light intensity I use which is moderate, again thinking more of the fish. Problem algae has been unseen in my tanks for five years now.
The natural occurring CO2 can be substantial. A few years ago I noticed one morning just after the lights came on that the cories were respirating very rapidly. I thought through the possible issues and wondered if the nightly build-up of CO2 could be responsible. It was. I increased the surface disturbance at one end of the tank, which drove off CO2 better, and the cories respiration became normal throughout the day and has not been an issue since.